Gold Prices Hold Steady Across Indian Cities: What Buyers in Tier 2 Markets Need to Know

As of June 28, gold prices across major Indian cities remained largely stable, bringing a moment of relief to both investors and household buyers. With the wedding season returning in parts of the country and Raksha Bandhan on the horizon, many families — especially in Tier 2 cities — are closely tracking gold rates before making purchase decisions.

Price Trends in Key Markets

In metro cities, the average price of 10 grams of 24-carat gold hovered around ₹73,000, while 22-carat gold stood near ₹67,000. Cities like Mumbai, Chennai, Bengaluru, Delhi, and Kolkata saw only marginal variations of ₹100–₹200, depending on local demand and transportation costs.

Hyderabad and Ahmedabad followed similar pricing, aligning closely with national averages.

Tier 2 Cities Closely Watching

From cities like Nagpur and Indore to Patna and Coimbatore, gold remains a preferred form of savings and gifting. Local jewellers report steady footfall, with buyers taking a cautious approach, waiting for a possible dip or festive offers.

In places where weddings and religious functions are planned in the coming months, families are checking prices daily, sometimes even locking rates in advance.

Why Prices Are Stable Right Now

Global factors like the US Federal Reserve’s interest rate policy, inflation trends, and geopolitical tensions continue to impact gold rates. However, over the past few days, international gold prices have not seen major fluctuations, resulting in steady domestic pricing.

Currency movement — especially the rupee’s value against the dollar — also plays a role, but recent exchange rate stability has kept gold imports relatively unaffected.

What Buyers Should Consider

Experts advise buyers in smaller cities to compare rates across local jewellers and trusted brands. It’s also wise to check for making charges, which vary widely and can significantly affect the total cost. For those considering gold as an investment, digital gold and sovereign gold bonds offer alternatives to physical jewellery.

Making informed choices is key — especially during periods of steady pricing, which often offer better negotiation opportunities.

Conclusion

With gold prices holding firm across India on June 28, buyers in Tier 2 cities have a good opportunity to plan ahead. Whether it’s for festive shopping, investment, or wedding jewellery, the current stable market provides breathing space — and perhaps, a window to strike the right deal before the next price swing.